IndiGo’s parent company, InterGlobe Aviation, saw its shares rise significantly. This surge followed a penalty from the Directorate General of Civil Aviation for flight cancellations. Investors reacted positively as the fine was less than anticipated. The company had faced disruptions in December due to crew time limits and aircraft issues.
Adani Group stocks slide up to 14% on US SEC heat
Adani Group stocks saw a sharp decline on Friday. This followed news that the US SEC is seeking court permission to email summons to founder